Wal-Mart Corporation is currently the largest retailer, as well as the largest company having 6,700 stores globally. The corporation is also the largest grocery retailer in the U.S. The company’s mission is to produce food, which is less costly and more affordable. The company’s products and services have been made available to the market at low prices, thus influencing the company’s prices in the competitive market (Garman & Forgue, 2010).
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The availability of cheap foods in the U.S market has significantly influenced the cost of Wal-Mart food prices. These foods available in the market are cheap and affordable, thus making the company’s food look expensive and not affordable in the available stores to its clients. There are still some policies that Wal-Mart should employ. These policies would enable them to compete in the market and have greater gains for employees without lowering the costs for consumers. The effect on clients would be spread largely. Therefore, the effect on low-income workers would be relatively significant, thus making clients go for affordable and less costly food available in the U.S. market (Garman & Forgue, 2010).
The Wal-Mart policies on reducing the cost of its products in the market will not change much the eating culture of Americans. This is because most Americans are a low-income population and cannot afford the prices of the company, which are a little higher as compared to other healthier foods in the U.S market. Therefore, this will negatively affect the financial planning of the company because most of the clients will opt for cheap and affordable food in the market at the expense of the Wal-Mart food products. This will have serious implications on the profitability of the company since it would not be able to sustain its clients and employees. Nevertheless, availability of less costly food in the U.S. market would negatively affect the financial planning, hence the profitability of Wal-Mart Corporation (Garman & Forgue, 2010).
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